Istanbul: The Istanbul Finance Center hosted the 3rd Global Islamic Economy Summit, organized under the auspices of the Presidency and as part of the AlBaraka Summit Series, with Anadolu acting as the global communications partner. AlBaraka Islamic Economics Forum Board of Trustees Chairman Abdullah Saleh Kamel emphasized the urgent duty to establish the proper framework for the role of capital in the Islamic economy.

According to Anadolu Agency, Kamel stated that this framework helped achieve higher objectives by making capital a generator of wealth and pure charitable social capital. He commended countries such as the Kingdom of Saudi Arabia, Trkiye, and Malaysia for enabling waqf and urged other countries to follow their example. He noted that the developmental role of waqf grew daily in these countries, extending a great civilization across the world for many centuries.

Saleh bin Abdullah bin Humaid, advisor at the Royal Court of the Kingdom of Saudi Arabia, member of the Council of Senior Scholars, and imam of Al-Masjid Al-Haram, highlighted the human-oriented approach of the Islamic economy. He emphasized that wealth discussion is not just about accumulating riches or maximizing figures, but about building the civilizational strength of the Ummah, fostering social stability, achieving economic sufficiency, and promoting guidance and sound stewardship that preserve human dignity and societal prosperity.

He further mentioned that an Islamic bank should not be merely a financing institution, but a partner in economic and social development, contributing to the security, strength, and independence of the state’s decision-making.